Weekly update

EURGBP mentioned on Wednesday's post has moved a little further south, no real indications of a change in trend or immediate pullback.

EURO
The trendline support has so far held the price on the north side. Not much to report on this one apart from wait and see, further potential entries may be available once price decides what to do.

AUDCAD
This pair did a 1 to 1 and general signs still look bullish although a short term pullback may be witnessed.

EURJPY
The EURJPY pair did not provide us with a break out however, it did breakdown and has moved some 600 pips south. It is now at the value index where it may find support and bounce back or the sellers may be more dominant and push price down further.

Swissy
The Swissy did a pullback as per the blog and moved up a couple of hundred pips. The trend is down so one would expect that may resume, however it has not yet been confirmed. Pause until you get the right signals to re-enter.

As the markets are making up their mind we may see some good set ups coming up in the next days. However, do note that Friday is NFP so the activity may be more unusual rather than the trend.

Good Trading!
Bijal Shah